Jupiter Topco LLC Takes $824,000 Position in Ellington Financial Inc. $EFC

Jupiter Topco LLC purchased a new position in Ellington Financial Inc. (NYSE:EFC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,497 shares of the financial services provider’s stock, valued at approximately $824,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC bought a new position in Ellington Financial in the 2nd quarter worth about $1,210,000. Legal & General Group Plc purchased a new stake in shares of Ellington Financial in the second quarter valued at approximately $3,695,000. The Manufacturers Life Insurance Company bought a new position in Ellington Financial in the second quarter worth approximately $701,000. Quantbot Technologies LP purchased a new position in shares of Ellington Financial during the second quarter valued at $399,000. Finally, Allworth Financial LP bought a new stake in shares of Ellington Financial in the second quarter valued at about $95,000. Institutional investors own 55.62% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on EFC. Weiss Ratings restated a “hold (c)” rating on shares of Ellington Financial in a report on Tuesday, August 11th. BTIG Research downgraded Ellington Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Zacks Research downgraded Ellington Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, UBS Group boosted their target price on shares of Ellington Financial from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Ellington Financial has a consensus rating of “Hold” and an average price target of $14.50.

Ellington Financial Trading Up 0.2%

Shares of Ellington Financial stock opened at $13.50 on Monday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 8.23 and a beta of 0.94. The company has a current ratio of 52.06, a quick ratio of 52.06 and a debt-to-equity ratio of 10.39. Ellington Financial Inc. has a 12-month low of $11.27 and a 12-month high of $14.12. The firm’s 50 day simple moving average is $13.50 and its two-hundred day simple moving average is $13.07.

Ellington Financial (NYSE:EFC) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. The company had revenue of $134.11 million during the quarter, compared to analysts’ expectations of $114.59 million. Ellington Financial had a return on equity of 16.61% and a net margin of 52.43%. Analysts predict that Ellington Financial Inc. will post 2.13 EPS for the current year.

Ellington Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.13 per share. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Monday, August 31st. Ellington Financial’s payout ratio is presently 95.12%.

Ellington Financial Profile

Ellington Financial, Inc (NYSE: EFC) is a mortgage real estate investment trust (REIT) that focuses on generating attractive risk-adjusted returns through investments in residential and commercial mortgage-related assets. Established in 2013, the company is externally managed by Ellington Financial Management, L.P., a subsidiary of Ellington Management Group, an alternative asset management firm. EFC’s core strategy centers on actively acquiring and managing agency and non-agency residential mortgage-backed securities (MBS), mortgage servicing rights, residential whole loans, and other structured finance instruments, including asset-backed securities and commercial mortgage-backed securities (CMBS).

The company employs leverage and structured financing tools—such as repurchase agreements and secured credit facilities—to enhance portfolio yield while maintaining focus on risk mitigation.